EXHIBIT 23.1
    
 
                       CONSENT OF INDEPENDENT ACCOUNTANTS
 
   
     We  consent  to (i)  the incorporation  by  reference in  this registration
statement on Form S-3 (File No. 333-11243) of our reports dated January 25, 1996
each of which include  an explanatory paragraph that  describes a change in  the
method of accounting for income taxes in 1993, on our audits of the consolidated
financial   statements  and   financial  statement  schedule   of  AT&T  Capital
Corporation and (ii) the use in such registration statement of our reports dated
October 14, 1996 on our audits of the balance sheets of each of Capita Preferred
Funding L.P. and Capita Preferred Trust, appearing in the prospectus which is  a
part  of such registration  statement. We also  consent to the  reference to our
firm under the caption 'Experts'.
    
 
                                          COOPERS & LYBRAND L.L.P.
 
   
1301 Avenue of the Americas
New York, New York
October 15, 1996